Plant Asset Management Market 2018 Leading key Players: ABB, Emerson electric company, Rockwell automation, Siemens AG, IBM Corporation, Hitachi

Market Highlights:

Plant Asset Management is the process of optimizing field devices and monitoring information used to integrate with business operations and IT infrastructure. This improves the business operating performance and also reduces maintenance cost and paper work. Major companies such as IBM, Rockwell Automation, and Siemens among others are providing asset management solutions to improve the overall performance of the enterprises.

According to a recent study report published by the Market Research Future, the global market of Plant Asset Management is forecasted to grow at approximately 10% of CAGR growth in terms of value surpassing its previous growth records by the end of the forecasted period (2016 – 2022). With such a striking rate of a CAGR, MRFR hopes the Global Plant Asset Management Market to reach to ~ 420 Million by 2022.

Profiled in MRFR some of the major players in Global Plant asset management Market include ABB Ltd. (Switzerland), Emerson electric company (U.S.), Rockwell automation, Inc. (U.S.), Siemens AG (Germany), IBM Corporation (U.S.), Hitachi Ltd. (Japan), Endress +Hauser (Switzerland), Dassault Systemes (France), Honeywell International, Inc. (U.S.), and Plant Asset Management (Petrofac) (UK) among others.

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Industry News
September 2017 – Honeywell acquired Nextnine in 2017, to improve cyber security for its PAM software. This will further enhance its extensive portfolio of innovative cyber security technologies.
September 2017 – ABB acquired B&R, an independent product- and software-based open-architecture solutions provider in 2017.

Market Segments
The Plant Asset Management market can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Type : Comprises Hardware, and software.
Segmentation by Services : Comprises Performance management, Monitoring & controlling, information management, device configuration, content management among others.
Segmentation by Application: Comprises Energy & power, petrochemical, Chemical, mining, food & beverage, and pharmaceutical among others.
Segmentation By Regions : Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

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This release was published on openPR.